Forex Robo Trading » gomega live trading http://forexrobotrading.com Reviews of the Best Forex Trading Robots and Expert Advisors Fri, 06 Aug 2010 20:12:57 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 GoMega GBPJPY Autotrader Tests Continued http://forexrobotrading.com/gomega-gbpjpy-autotrader-tests-continued http://forexrobotrading.com/gomega-gbpjpy-autotrader-tests-continued#comments Fri, 29 May 2009 10:00:11 +0000 admin http://forexrobotrading.com/?p=597
Just a quick update to my last post. In this Gomega GBPJPY video we can see Gomega has just opened a new long position in the Pound Yen. The little green arrow indicates the point at which the trade was opened, the dashed green line is set at the buy price and the dashed red line is the current stop loss position. Gomega GBPJPY uses a smart stop loss, which it will move upwards as the price approaches the profit target. It will also move it up if the price falls, so that the this trade will at very least, break even.

For a full explaination of the indicators shown on the Gomega GBPJPY chart, I recommend watching the very thorough video walk through by Ken Herbert, which is located here Gomega GBPJPY Under the Hood. Although the chart is very detailed and looks rather intimidating, all the complexity of analyzing the various signals, is handled automatically by Gomega GBPJPY. However at the same time, through the indicators on the chart, you have a window on the advanced analysis that is going on in the background. You get the feeling you are looking under the hood of a high performance sports car.

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